OneKey: The National Two-Factor Authentication System #Singapore

The national two-factor authentication(2FA) system went live on 12 December 2011, which marked a milestone for national e-security. With OneKey, end users would be able to make more secure online transactions and access multiple services using just one security device. The paragraph above is attributed to Mr Chai Chin Loon, Chief Operating Officer of Assurity Trusted Solutions (assurity), a wholly owned subsidiary of Infocomm Development Authority. He was speaking at a cyber security networking session recently. There have been a lot of reports, of on-line fraud as well as identity theft. Banks and securities trading firms have been required to put in place a 2FA platform for customers to make electronic transactions. The 2FA platform is an important second line of defence against unauthorised transactions. Before we proceed, let me clarify on what is meant by two factor a...